For Sale
$2,850,000

5 Penn Ave Wernersville, PA 19565

43 Units, High NOI, 15% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional mixed-use property in Wernersville, Pennsylvania presents a compelling investment opportunity. The property comprises two buildings, totaling 43 units: 38 residential units (17 with private baths) and 5 commercial units. The commercial space includes a thriving bar, cafe, fully equipped kitchen, and a large restaurant/ballroom area suitable for events, along with a thrift shop. The property boasts a strong net operating income (NOI) of $430,000, resulting in a 15.09% capitalization rate. The buildings are four stories and offer 36 parking spaces. Located at 5 E Penn Ave and 25 Stitzer Ave, Wernersville, PA 19565, the property also includes an additional parcel across the street containing a barn with its own parking lot. This offers significant potential for expansion, subject to zoning approval. The asking price is $2,850,000, representing a price per unit of $66,279.07. This profitable property offers stable income and significant upside potential for the discerning investor. Detailed financial information is available upon request. This is a rare opportunity to acquire a historically significant property with a diverse tenant mix and substantial future growth potential.

Highlights

  • $430,000 projected annual net operating income (NOI).
  • 42-unit historic building in a prime, high-traffic location with 38 residential units (17 with private baths) and 4 commercial spaces (bar, cafe, kitchen, restaurant/ballroom).
  • Includes adjacent parcel with barn and parking lot, offering expansion potential.

Property Details for 5 Penn Ave

Property type
Mixed-use properties, Apartment buildings
Buildings
2
Stories
4
Units
43

Location Insight

City
Wernersville
County
Berks
State
Pennsylvania
Latitude
40.3297888
Longitude
-76.0794369

FAQs

What type of property is this?
Mixed-use property - 43 Units, High NOI, 15% Cap Rate
Where is the mixed-use property located?
The property is located at 5 Penn Ave Wernersville, PA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: $430,000 projected annual net operating income (NOI).; 42-unit historic building in a prime, high-traffic location with 38 residential units (17 with private baths) and 4 commercial spaces (bar, cafe, kitchen, restaurant/ballroom).; Includes adjacent parcel with barn and parking lot, offering expansion potential.
How can I contact the broker?
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5 Penn Ave
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